Federal funding announced to cut carbon emissions and boost the local economy
This funding investment and our leadership to develop the Centre will help to develop and share new local solutions and best practices to reduce carbon emissions from buildings, which is a key priority of our climate action response.
Mayor Kennedy Stewart
$22 million in federal funding has been committed to create a Low Carbon Innovation Centre for the Vancouver region.
The funding is part of a $183 million initiative called Low Carbon Cities of Canada (LC3), which aims to help major cities across the county reduce their carbon footprint through research, capacity building, and use of innovative financial tools.
The City of Vancouver was an early partner in the LC3 initiative and will be leading a process to establish the local Low Carbon Innovation Centre in consultation with other local governments, Metro Vancouver, the province, industry stakeholders, local universities and non-profit organizations, to ensure the Centre meets local climate action priorities and needs.
"Vancouver City Council has joined cities around the world in declaring a Climate Emergency to scale-up climate action and limit warming to 1.5°C," said Mayor Kennedy Stewart. "This funding investment and our leadership to develop the Centre will help to develop and share new local solutions and best practices to reduce carbon emissions from buildings, which is a key priority of our climate action response."
The mandate of the Low Carbon Innovation Centre for the Vancouver region will be to aggressively reduce carbon emissions, while supporting the growth of green jobs. The Centre will operate independently but in close collaboration with local government, with the aim of helping cities and the region achieve their climate targets. The Centre will be expected use a variety of approaches to achieve its mandate, including the use of impact investing, granting, capacity building, and supporting policy development and research.
"To keep Vancouver liveable, we will need to decrease our emissions, as well as focus on affordability and grow green jobs in the region," said Gil Kelley, General Manager of Planning, Urban Design and Sustainability. "The City has a successful track record of collaborating with external organizations and the private sector to advance our climate goals and we're looking forward to building on those partnerships with the LC3 project."
LC3 is a partnership between seven centres-Vancouver, Calgary, Edmonton, Toronto, Montreal, and Halifax--and the Federation of Canadian Municipalities (FCM).
"Vancouver is emerging as a global leader in greenhouse gas reductions in buildings. The LC3 investment will amplify and accelerate this trend while also creating opportunity for new, impactful innovations and initiatives." Christian Cianfrone, Executive Director, Zero Emissions Building Exchange
"This is a prudent and powerful investment that will generate long term returns for the economy, the atmosphere and our communities." Alex Boston, Executive Director, Renewable Cities
"We're pleased to see senior government investments in technology and capacity for high performance building and retrofit standards. These investments will reduce energy consumption and associated greenhouse gases, which benefits people, communities, and our environment." -Jack Wong, CEO, Real Estate Foundation of BC
Low Carbon Cities Canada (LC3) is a partnership between seven local centres-Vancouver, Calgary, Edmonton, Toronto, Montreal and Halifax--and the Federation of Canadian Municipalities intended to accelerate urban climate solutions and help Canada meet its 2030 and 2050 carbon reduction targets.
The LC3 initiative helps cities reduce their carbon footprint by identifying, capitalizing and testing local solutions such as building retrofits, distributed renewable power, zero waste circular economy, electrification of transportation, shared mobility, and integrating transportation with land use patterns.
The LC3 initiative was inspired by the successful model pioneered by The Atmospheric Fund (TAF) in Toronto, which was established in 1991 through an endowment from the City of Toronto. TAF uses innovative financial tools, administers grants and advances policies and programs to reduce carbon emissions and improve air quality in the Greater Toronto and Hamilton Area.
The City of Vancouver recently declared a Climate Emergency and approved recommendations to accelerate local climate action. The Low Carbon Innovation Centre for the Vancouver region is expected to help advance these accelerated actions, particularly those focussed on green buildings and energy retrofits.